Posted by Bill on March 14, 2006 at 13:04:24:
Why not? Where are you from?
getting into the market - Posted by Ron
Posted by Ron on March 14, 2006 at 12:55:37:
I resently retired and do have time to buy,fix (minor) and resell, should I be interested in this at my age (65) with a limited amount of free cash ($50,000.00).
Re: getting into the market - Posted by John Corey
Posted by John Corey on March 14, 2006 at 17:11:08:
Ron,
The cash might be more than enough or a little short depending on the market.
Your age is less of a variable. Your health, your free time and your motivation plus skills will really be more important. Some folks I know find rehabing a property the perfect way to spend some time and make some decent money.
Your credit will be a factor. If you have good credit then you can make the money go farther. If you lack the credit then there are other ways to do the deals (lease/option a property so you can then use the cash to do the repairs is one example).
Mostly it will come down to your motivation.
John Corey